LPL Financial Holdings Inc.

Closed on the acquisition of Commonwealth Financial Network (“Commonwealth”)

On August 1, 2025, the Company closed on the acquisition of Commonwealth, a privately-held independent wealth management firm headquartered in Massachusetts, for a cash payment of approximately $2.7 billion. As part of the transaction, Commonwealth will transition its advisory and brokerage assets to the Company’s platform. The Company expects to complete the conversion in the fourth quarter of 2026. See Note 4 - Acquisitions within the notes to the condensed consolidated financial statements for additional information.

Completed a $1.7 billion equity offering

On April 2, 2025, the Company completed a public offering of approximately 5.4 million shares of the Company’s common stock at an offering price of $320.00 per share. See Note 11 - Stockholders’ Equity within the notes to the condensed consolidated financial statements for additional information.

Completed a $1.5 billion debt offering

On April 3, 2025, the Company completed the issuance and sale of $500.0 million in aggregate principal amount of 4.900% senior unsecured notes due 2028, $500.0 million in aggregate principal amount of 5.150% senior unsecured notes due 2030 and $500.0 million in aggregate principal amount of 5.750% senior unsecured notes due 2035. See Note 9 - Corporate Debt and Other Borrowings, Netwithin the notes to the condensed consolidated financial statements for additional information.